Measure Title: RELATING TO THE MONEY TRANSMITTERS MODERNIZATION ACT.
Report Title: DCCA; Division of Financial Institutions; Money Transmitters Modernization Act; Permissible Investments; Tangible Net Worth
Description: Includes, for purposes of the Money Transmitters Modernization Act, receivables due from payment processors for certain debit or credit card transactions. Clarifies the calculation of tangible net worth. Changes the initial annual fee assessed upon the submission of the application to an initial fee assessed upon the approval of the application. Effective 7/1/3000. (HD1)
Companion:  SB1368
Package: Governor
Current Referral: CPC, FIN
Introducer(s): NAKAMURA (Introduced by request of another party)
Act:

Sort by DateChamberStatus Text
2/11/2025HPassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ward excused (2).
2/11/2025HReported from CPC (Stand. Com. Rep. No. 423) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2/4/2025HThe committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Kong, Lowen.
1/31/2025HBill scheduled to be heard by CPC on Tuesday, 02-04-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
1/23/2025HReferred to CPC, FIN, referral sheet 3
1/23/2025HIntroduced and Pass First Reading.
1/21/2025HPending introduction.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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HB1049 HD1

All Versions of this Measure

HB1049_HD1 Link to HB1049_HD1 .PDF file
HB1049 Link to HB1049 .PDF file

Committee Reports

HB1049_HD1_HSCR423_ Link to committee report HB1049_HD1_HSCR423_ .PDF file

Testimony

HB1049_TESTIMONY_CPC_02-04-25_

Hearing Notices

CPC
2/04/25 2:00P
329 VIA VIDEOCONFERENCE